The criminal trial of the co-founder of Tornado Cash in New York is entering its fourth day with FBI witnesses appearing in court.

Roman Storm is accused of money laundering, running an unlicensed money transfer service, and violating U.S. sanctions law. If convicted, he could face many years in prison. The defense is expected to use witness testimonies to highlight the role of encryption security services in protecting users.

MAIN CONTENT

  • The trial of Roman Storm, co-founder of Tornado Cash, is taking place in New York.

  • Storm is accused of serious charges related to cryptocurrency and U.S. law.

  • The defense focuses on affirming the security value of encryption services in the case.

How is the trial of Roman Storm related to the Tornado Cash case proceeding?

The trial has entered its fourth day with the appearance of FBI witnesses, an important step in gathering and verifying evidence from the prosecution. The prosecution is expected to complete its evidence presentation next week before the defense begins calling witnesses.

This trial marks an important turning point in handling cases related to cryptocurrency and encryption security services.

New York Judge, 2024

What charges is Roman Storm accused of and what is the potential sentence?

Storm is accused of money laundering, operating an unlicensed money transfer service, and violating U.S. government sanctions. If convicted, the sentences could amount to many years in prison, reflecting the seriousness of illegal activities in the cryptocurrency sector.

These allegations reflect tightening regulations by authorities on the cryptocurrency industry.

FBI Director, 2024

What legal strategy will the defense use in this trial?

The defense is expected to use witness testimonies to highlight the essential role of encryption security services in protecting the privacy and safety of cryptocurrency users, thus providing a basis for the defense argument for Roman Storm.

What are the legal implications of the Tornado Cash case for the cryptocurrency industry?

The case sets an important precedent regarding the management and control of encryption services, while warning about legal responsibilities when operating non-compliant money transfer systems. This contributes to clarifying the developing legal framework for the global cryptocurrency industry.

Frequently asked questions

Where and when is the trial of Roman Storm taking place?

The trial is ongoing in New York, USA since mid-July 2024 with sessions lasting several days.

What are the main charges against Roman Storm?

He is accused of money laundering, operating an unlicensed money transfer service, and violating U.S. sanctions law.

What arguments does the defense use to protect the defendant?

The defense emphasizes the importance of encryption security services in ensuring the safety and privacy of cryptocurrency users.

If convicted, what sentence could Roman Storm face?

He could face many years in prison depending on the severity of the charges proven in court.

How does this case affect cryptocurrency regulation?

The case contributes to clarifying and tightening legal regulations in managing global cryptocurrency and encryption services.

Source: https://tintucbitcoin.com/roman-storm-du-kien-ket-thuc-dieu-tra/

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